Mineral Rights Value in North Dakota
If you want to find out more about mineral rights value in North Dakota this article will point you in the right direction. As a mineral owner, figuring out the value is the most challenging part of selling mineral rights. At US Mineral Exchange our goal is to help make the process simple. We want to help you better understand mineral rights value in North Dakota. This will allow you to sell mineral rights in North Dakota for the highest price possible.
Before we get started it’s important to understand the information below is simply an estimate! There is no way to know the true mineral rights value in North Dakota unless you get competitive bids. Competitive bids from legitimate buyers are the only way to accurately determine mineral rights value in North Dakota. Below we will provide you with an approximate idea of the value.
The challenge with estimating mineral rights value in North Dakota is that there are many factors in play. No two mineral rights properties are ever the same! The value of mineral rights in North Dakota is highly dependent upon many factors. There are no “comps” in mineral rights. You cannot estimate the value of your mineral rights based upon what someone else sold for. Only true competitive bids in an open market can determine mineral rights value in North Dakota. If you choose to sell mineral rights at US Mineral Exchange that is exactly what you will get!
Estimate Mineral Rights Value in North Dakota
If you want to estimate mineral rights value in North Dakota you need to first determine the status of your property. Your mineral rights can be in one of three different phases. Which phase your mineral rights are in will determine how we estimate mineral rights value in North Dakota. The mineral rights you own can be in one of three phases:
- Producing Mineral Rights: If you get an oil and gas royalty check each month, or every few months, then you have producing mineral rights. Producing mineral rights are mineral rights that have been drilled on and oil and/or gas are being produced.
- Leased Mineral Rights: If you own mineral rights that are not producing oil and gas (you do not get a check) but you have signed a leased agreement, you have leased mineral rights.
- Non-Producing Mineral Rights: If you own mineral rights that are not producing royalty income and you do not have an active lease, you have non-producing mineral rights.
Next we will look at how to estimate mineral rights value in North Dakota based upon the phase your mineral rights are in.
Producing Mineral Rights Value in North Dakota
If you get monthly royalty checks estimating mineral rights value in North Dakota is more straight forward. You can estimate value by looking at your last 3 months of check stubs. Add up all 3 check stubs and then divide by 3 to find the monthly average check amount. Then simply plug this number into the calculator below. You can expect to sell mineral rights in North Dakota for about 4 years to 6 years times the average monthly royalty income.
Note: This estimate of mineral rights value is based solely on the current cash flow. If there are more wells to be drilled this estimate will be low. You might be seeing offers much higher than the calculator indicates. Prior to accepting an offer, ensure that you have a fair offer to sell mineral rights.
Leased Mineral Rights Value in North Dakota
If you have leased mineral rights, you will need to dig up the lease bonus amount you received when you signed the lease. The lease bonus is the amount you were paid for the right to drill on your mineral rights. To estimate mineral rights value in North Dakota you need to multiple your total lease bonus by 2x to 3x. Generally speaking the mineral rights value in North Dakota for leased mineral rights will be between 2x to 3x the lease bonus. However, if you got a bad lease, or the market has gone down since you leased, you could see a value outside of that range. The only way to truly determine the value is to list mineral rights at US Mineral Exchange and see what the market is willing to pay.
Non-Producing Mineral Rights Value in North Dakota
If you have non-producing mineral rights in North Dakota, unfortunately there will be little to no value. It’s safe to assume that the value of mineral rights in North Dakota for non-producing properties will be lower than $1,000/acre with rare exceptions. It is also safe to assume that the value will be between $0 and $250/acre in most cases. Many mineral buyers do not want to buy non-producing mineral rights. They do not want to purchase your mineral rights an then be stuck holding them for years waiting for something to happen.
Offer to Sell Mineral Rights?
Have you received an offer to sell mineral rights in North Dakota? If you received an offer to sell mineral rights in North Dakota, US Mineral Exchange can nearly always find you a higher price. We see a lot of mineral owners make the same mistake. They get an offer to sell mineral rights in North Dakota and quickly accept the offer without checking their options. You could be leaving thousands of dollars on the table! If you have an offer to sell mineral rights in North Dakota you owe it to yourself to get competitive bids to ensure fair market value.
Maximize Mineral Rights Value in North Dakota
If you want to get maximum mineral rights value in North Dakota, the only way is to get mineral buyers to compete for your mineral rights. There are literally thousands of mineral rights buyers. Your goal is to locate the mineral buyer who is willing to pay you the highest price. A lot of mineral owners talk to a handful of buyers, take the highest offer among them, and then incorrectly assume they got a good deal. You almost never get a good deal taking the shotgun approach!
If you want to get maximum value for selling mineral rights in North Dakota you need competition. The range of offers you get when selling mineral rights can be huge. To sell mineral rights in North Dakota for top dollar, you need buyers to compete against one another and drive the price up.
Sell Mineral Rights in North Dakota at US Mineral Exchange
At US Mineral Exchange we can quickly connect you with thousands of mineral buyers. Already have an offer to sell mineral rights in North Dakota? Excellent! We don’t get paid unless we can get you a better price. Listing is truly a risk free way to ensure the best market price available. We can nearly always find a higher price due to our extensive network of buyers.
We will quickly get your property in front of thousands of buyers. These buyers will compete to drive the price higher so that you pocket the most cash possible. At US Mineral Exchange we typically will get you a better offer within just 1 to 2 weeks from listing!
Contact US Mineral Exchange
Do you still have questions about mineral rights value? If so, we would like to hear from you. Simply fill out the form below and one of our representatives will quickly be in touch.
The more information you can provide about your property the better! We can give you a better idea about the value of selling mineral rights if you provide more information. The most important thing we need is for you to answer the questions and provide your state and county.
If you have the required documents to list, providing those is extremely helpful!
Absolutely not! When you inquire at US Mineral Exchange we will not be putting any pressure on you to sell. We will help answer any questions you have whether you are interested in selling or not.
At US Mineral Exchange, we take privacy very seriously. We will NEVER sell your information or use it without your consent. When you send us documentation or tell us about your property, that information does not go outside our company without your consent. Even when you list a property for sale on our website, we strictly control who has access to the information about your listing so that only legitimate buyers will be able to see property details.
Many mineral owners make the mistake of getting an offer and quickly selling. They then accept an offer far below market value because they felt pressure to sell. There is nearly always a better price available.
Imagine you were selling a home. Would you get the best price from a random person who walks up and makes you an offer? No way! Now imagine you list the home on the MLS where thousands of potential buyers know your house is for sale. The key to getting the best price is competition. Our guide to selling mineral rights explains everything.
The reason that so many mineral owners decide to sell mineral rights at US Mineral Exchange is access to our large network of mineral rights buyers. Our goal is to help you get top dollar for selling mineral rights by getting your property in front of a huge audience of buyers. This allows buyers to compete against one another which ensures you get fair market value for selling mineral rights.
There are absolutely no cost to list your property. When you locate a buyer by listing your property with us, we are paid a commission directly by the buyers closing agent. This means you never have any out of pocket expenses ever. We only get paid if we can get you a better price than the current offer you have in hand.
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